Russell Investments Group Ltd. Has $22.87 Million Holdings in UGI Co. (NYSE:UGI)

Russell Investments Group Ltd. raised its position in UGI Co. (NYSE:UGI) by 25.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 847,959 shares of the utilities provider’s stock after acquiring an additional 173,879 shares during the period. Russell Investments Group Ltd. owned approximately 0.41% of UGI worth $22,866,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in UGI by 9.9% in the second quarter. US Bancorp DE now owns 13,516 shares of the utilities provider’s stock valued at $365,000 after acquiring an additional 1,216 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of UGI by 2.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,395,586 shares of the utilities provider’s stock valued at $37,639,000 after buying an additional 26,952 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of UGI by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,281,233 shares of the utilities provider’s stock valued at $34,555,000 after buying an additional 58,713 shares during the last quarter. TD Asset Management Inc boosted its position in shares of UGI by 12.8% during the second quarter. TD Asset Management Inc now owns 17,718 shares of the utilities provider’s stock valued at $478,000 after buying an additional 2,008 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of UGI by 14.7% during the second quarter. Lido Advisors LLC now owns 42,218 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 5,405 shares during the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TheStreet cut UGI from a “c” rating to a “d+” rating in a research report on Friday, August 11th. Mizuho cut their target price on UGI from $33.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, September 11th. Wells Fargo & Company raised UGI from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $28.00 to $27.00 in a research report on Monday, August 28th. They noted that the move was a valuation call. Finally, StockNews.com upgraded UGI from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, UGI has an average rating of “Hold” and a consensus price target of $33.50.

UGI Stock Performance

Shares of UGI stock opened at $22.25 on Tuesday. The business’s fifty day simple moving average is $22.11 and its 200 day simple moving average is $24.92. The firm has a market capitalization of $4.66 billion, a P/E ratio of -3.10, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. UGI Co. has a 12 month low of $20.19 and a 12 month high of $43.19. The company has a current ratio of 0.98, a quick ratio of 0.78 and a debt-to-equity ratio of 1.56.

UGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.50 annualized dividend and a dividend yield of 6.74%. UGI’s payout ratio is presently -20.89%.

About UGI

UGI Corporation, through its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.